Job No. 92 For 2,000 Units Direct Direct Manufacturing Date Materials Labor Overhead Beg. bal. Jan. 1 5,700 7,000 4,900 00 8 7,000 222 12 10,000 8,500 25 2,200 27 4,000 3,400 14,900 21,000 16,800 Cost of completed job: Direct materials $14,900 Direct labor 21,000 Manufacturing overhead 16,800 Total cost $52,700 Unit cost ($52,700 2,000) $26.35 (a) On the basis of this data, answer the following questions. (1) What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job?